Edmonton Housing Market Outlook 2026

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Edmonton’s Inventory Surge Continues as the Market Settles Into a New Rhythm

According to the Realtors Association of Edmonton (RAE) for April 2026, the Greater Edmonton Area posted 2,482 sales, up 16.4% from March but down 8.1% from April 2025. New listings rose to 4,204 (up 9.1% year-over-year) and total inventory now sits 31.4% higher than a year ago. The average selling price climbed 1.9% annually to $478,902, while the MLS HPI composite benchmark stood at $431,900, up 1.4% from March but down 1.6% year-over-year.

• Detached homes continue to lead. Prices averaged $589,384 in April, essentially flat from March and up 0.8% from a year ago. Detached sales rose 20.9% month-over-month, though they remain 5.5% below April 2025. New detached listings increased by 13.3% month over month and 10.4% year over year, confirming that both sides of the transaction are becoming more active as spring progresses.
• Apartment and townhouse prices have softened year-over-year, and days on market for those segments remain elevated. RAE board chair Darlene Reid noted that “sellers looking for a quick sale may have to price strategically,” while buyers should “expect more listings to hit the market, giving lots of choice.”
• Edmonton remains the most affordable major market in the country for detached homes. At roughly $589,000 for a single-family property, Edmonton sits well below Calgary, and the gap with Toronto and Vancouver is enormous. Record housing starts in 2025, with a heavy concentration in the “missing middle” category, are expanding options for first-time buyers.

Edmonton’s higher inventory levels mean you can shop with confidence. Reach out to nesto mortgage experts to run the numbers on your monthly mortgage payment and see what’s within reach.

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Edmonton Housing Market Highlights

• The average selling price of a home in Edmonton decreased by 1.4% year-over-year to $424,700 in April.
• The average selling price of a single-family home in Edmonton increased by 0.5% year-over-year to $511,900 in April.
• The average selling price of a townhouse/multiplex in Edmonton decreased by 5.9% year-over-year to $277,300 in April.
• The average selling price of a condo in Edmonton decreased by 7.8% year-over-year to $201,200 in April.
• The average rent in Edmonton is now $1,603 for April.
• May 21, 2026: Today’s lowest mortgage rate in Edmonton is 4.14% for a 5-year fixed.

Data from the Realtors Association of Edmonton (REA) indicates that the average price of resale residential homes sold across Edmonton in April was $424,700, and itdecreased of 1.4% compared to a year ago.

RAE also reported a sales-to-new-listings ratio (SNLR) of 59%, indicating Balanced market conditions in Edmonton for April.

Composite Home Prices

Single-family Home Prices

Townhouse and Multiplex Prices

Condo Prices

Transactions –  Number of Sales

New Listings

Real Estate Market

The sales-to-new-listings ratio (SNLR) measures the number of home sales compared to new listings. An SNLR below 40% suggests a buyer’s market, where buyers have the upper hand and greater negotiating power. An SNLR between 40% and 60% is a balanced market, while an SNLR of over 60% is considered a seller’s market. 

Annual Changes to Composite Home Prices in Edmonton

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Edmonton Market Rents Snapshot

The average rent in Edmonton was $1,603 for the month of April.

The average rent for a 1-bedroom apartment in Edmonton was $1,279 for the month of April, which decreased by 2.8% year over year.

The average rent for a 2-bedroom apartment in Edmonton was $1,637 for the month of April, which decreased by 1% year over year.

Rental Price Changes by City

Rank	City	Total Average	1 Bedroom	2 Bedrooms	Year-over-Year Change
1	North Vancouver	$3,001	$2,523	$3,358	−5.7%
2	Vancouver	$2,679	$2,358	$3,317	−2.8%
3	Toronto	$2,504	$2,208	$2,863	−2.1%
4	North York	$2,488	$2,098	$2,654	−1.4%
5	Burnaby	$2,484	$2,119	$2,774	−6.7%
6	Oakville	$2,464	$2,201	$2,582	−13.9%
7	Etobicoke	$2,431	$2,111	$2,639	−4.1%
8	Kanata	$2,424	$2,248	$2,569	−7.9%
9	Coquitlam	$2,416	$2,125	$2,677	−9.7%
10	Burlington	$2,376	$2,124	$2,442	−5.2%
11	Mississauga	$2,355	$2,062	$2,440	−5.4%
12	Vaughan	$2,314	$2,078	$2,586	−1.3%
13	Langley	$2,289	$1,946	$2,456	−1.7%
14	Victoria	$2,271	$1,968	$2,607	−2.2%
15	Halifax	$2,256	$2,030	$2,534	−2.4%
16	Scarborough	$2,250	$1,895	$2,373	−6.3%
17	Brampton	$2,228	$1,939	$2,283	0.90%
18	Kingston	$2,228	$1,887	$2,333	12.40%
19	Waterloo	$2,210	$2,029	$2,358	−3.2%
20	Ajax	$2,192	$1,983	$2,196	−0.1%
21	East York	$2,186	$1,863	$2,498	−3.0%
22	Guelph	$2,171	$1,917	$2,231	−6.4%
23	Ottawa	$2,151	$1,945	$2,472	−4.0%
24	New Westminster	$2,145	$1,942	$2,684	−1.1%
25	Barrie	$2,128	$1,912	$2,229	−1.3%
26	Surrey	$2,108	$1,801	$2,183	−9.8%
27	Laval	$2,073	$1,708	$2,360	11.20%
28	Kamloops	$2,064	$1,837	$2,103	−3.3%
29	Kelowna	$2,051	$1,739	$2,219	−4.0%
30	Greater Sudbury	$2,026	$1,795	$2,186	−10.8%
31	Cambridge	$2,019	$1,812	$2,109	−4.5%
32	Nanaimo	$2,015	$1,820	$2,213	1.20%
33	Peterborough	$2,008	$1,729	$1,984	−1.3%
34	Airdrie	$1,999	$1,501	$1,771	0.30%
35	Hamilton	$1,981	$1,717	$2,317	6.20%
36	Montreal	$1,971	$1,793	$2,341	3.00%
37	Oshawa	$1,964	$1,713	$2,016	−5.6%
38	Brantford	$1,929	$1,752	$2,103	4.90%
39	London	$1,925	$1,680	$2,055	−4.6%
40	Brossard	$1,913	$1,726	$2,030	−12.5%
41	Kitchener	$1,889	$1,714	$2,061	−6.6%
42	Calgary	$1,869	$1,522	$1,842	−3.7%
43	Niagara Falls	$1,845	$1,688	$1,999	−3.4%
44	St. Catharines	$1,800	$1,621	$1,895	−3.9%
45	Gatineau	$1,780	$1,592	$1,895	−8.0%
46	Welland	$1,769	$1,576	$1,927	5.10%
47	Côte Saint-Luc	$1,751	$1,443	$2,006	−13.2%
48	Sarnia	$1,693	$1,493	$1,789	−4.5%
49	Winnipeg	$1,662	$1,446	$1,793	0.80%
50	Windsor	$1,615	$1,482	$1,790	−9.1%
51	Edmonton	$1,603	$1,279	$1,637	−1.0%
52	Red Deer	$1,585	$1,340	$1,523	−0.7%
53	Saskatoon	$1,534	$1,323	$1,562	−0.8%
54	Lethbridge	$1,500	$1,332	$1,519	−1.1%
55	Quebec City	$1,481	$1,323	$1,683	−3.3%
56	Regina	$1,452	$1,301	$1,533	1.60%
57	Medicine Hat	$1,403	$1,240	$1,394	0.30%
58	Fort McMurray	$1,357	$1,164	$1,410	−1.0%
59	Lloydminster	$1,264	$1,069	$1,333	6.10%
60	St. John's	$1,125	$1,073	$1,249	5.60%

Average Rent by City
Source: Rentals.ca Network Data & Urbanation Inc.

Rental Price Changes by Province

Rental Price Growth by Housing Type

How Does Renting Compare with Homeownership in Edmonton?

Each $100,000 in mortgage balance costs an average of $533.64 per month on nesto’s lowest fixed 5-year rate at 4.14% and $495.28 per month on nesto’s lowest adjustable 5-year rate at 3.40%.

For each $100,000 in mortgage balance, a 0.25% change in Canada’s policy rate impacts the monthly payment by $13.23. The rates used for calculation are those offered for insured purchases with less than a 20% downpayment and a 25-year amortization. Canada’s policy rate is 2.25%, and nesto’s prime rate is set to 4.45%.

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Frequently Asked Questions (FAQ) About the Edmonton Housing Market Outlook for 2026

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Why Choose nesto

At nesto, our commission-free mortgage experts, certified in multiple provinces, provide exceptional advice and service that exceeds industry standards. Our mortgage experts are salaried employees who provide impartial guidance on mortgage options tailored to your needs and are evaluated based on client satisfaction and the quality of their advice. nesto aims to transform the mortgage industry by providing honest advice and competitive rates through a 100% digital, transparent, and seamless process.

nesto is on a mission to offer a positive, empowering and transparent property financing experience – simplified from start to finish.

Contact our licensed and knowledgeable mortgage experts to find your best mortgage rate in Canada.

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